NHAI removes Paytm Payment Bank from Aothorised issures asked user to procure New FastTag till this Date:

NHAI removes Paytm Payment Bank from Aothorised issures asked user to procure New FastTag till this Date

NHAI has urged all Paytm FASTag users to take proactive steps before March 15, 2024.

Paytm FASTag to be blocked

authorCA Pratibha GoyaldateMar 13, 2024
Last update on Mar 13, 2024
NHAI removes Paytm Payment Bank from Aothorised issures asked user to procure New FastTag till this Date Before March 15, 2024, NHAI has encouraged Paytm FASTag users to obtain a new FASTag issued by another bank in order to guarantee a smooth travel experience and prevent trouble at toll plazas. By doing this, traveling on National Highways will be free from fines and additional fees. According to the Reserve Bank of India's recommendations on limitations on Paytm Payments Bank, users of Paytm FASTags will not be able to top up or recharge their balances after March 15, 2024. They may, however, continue to pay the toll after the designated day by using their current balance. If users have any additional questions or need help with Paytm FASTag, they can contact their individual banks or consult the FAQs on the IHMCL website. All Paytm FASTag users have been asked by the NHAI to take preventative action in order to guarantee a smooth travel experience on the nation's National Highways.

About Author

CA Pratibha Goyal

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CA Pratibha Goyal is Chartered Accountant qualified in 2016, is a Member of The Institute of Chartered Accountants of India having wide experience in the field of Auditing, Taxation, ROC, GST and Secretarial matters etc. She has written over a thousand articles & has made several videos on topics related to Auditing & Taxation. As a Speaker she has delivered various sessions on various branches of NIRC of ICAI.
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